From Green Growth to Transition Pains: Regional Asymmetry and Intertemporal Mismatch of Green Finance in China’s “Rust Belt”
Bingzi He, Fanglei Zhong
This paper analyzes the relationship between green finance and green total factor productivity (GTFP) in China's legacy industrial regions (Rust Belt). Using a province-year panel from 2006-2023, it finds that green finance is positively as…